Prairie Provident Resources Inc.

Prairie Provident Resources Inc. is pleased to provide an operational update outlining the successful initial results from a new well, which supports the Company’s established asset base within the southern portion of its core Princess area. In addition, the Company is pleased to share select preliminary Q2 2019 unaudited financial and operating highlights. Full Q2 2019 results are expected to be available and [...]

Prairie Provident Resources Inc. confirms that the Company has entered into an agreement securing an exclusive option to acquire up to 21 additional sections of land in the Princess area by year-end. The Company’s net undeveloped land holdings in the Princess area will be expanded to a total of 48,582 acres if the option is fully exercised, further increasing PPR’s inventory of high-quality Lithic Glauconite [...]

Prairie Provident Resources Inc. announces that, at its annual and special meeting of shareholders held May 16, 2019, the seven nominees set out in the Company's information circular dated April 5, 2019 were elected as directors. Detailed voting results on the election of each nominee are set out below. Director Nominee Votes For Percent Votes Withheld Percent Patrick McDonald 80,760,615 80.2 19,886,883 19.8 Terence Flynn [...]

Prairie Provident Resources Inc. is pleased to announce our operating and financial results for the three months ended March 31, 2019. PPR’s consolidated financial statements and related Management's Discussion and Analysis for the three months ended March 31, 2019 are available on our website at www.ppr.ca and filed on SEDAR. FIRST QUARTER 2019 HIGHLIGHTS Production averaged 5,962 boe/d , a 29% increase from the [...]

Prairie Provident Resources Inc. is pleased to announce the confirmation of its US$60 million borrowing base under the Company’s senior secured revolving facility . PPR has also finalized terms of amending agreements with Prudential Capital Group respecting its Revolving Facility and senior subordinated notes , which relax certain financial covenant thresholds effective for the quarter ending March 31, 2019 through [...]

Prairie Provident Resources Inc. is pleased to announce our operating and financial results for the three months and year ended December 31, 2018. PPR’s audited consolidated financial statements and related Management's Discussion and Analysis for the three months and year ended December 31, 2018 and annual information form dated March 27, 2019 are available on our website at www.ppr.ca and filed on SEDAR. Through [...]

Prairie Provident Resources Inc. is pleased to announce our planned 2019 capital expenditure budget, approved by the Company’s Board of Directors, which underspends forecast 2019 cash flow. With continued volatility and uncertainty in Canadian oil and natural gas prices, coupled with PPR’s ongoing commitment to enhance financial flexibility, the Company believes it has developed a disciplined and conservative [...]

Prairie Provident Resources Inc. is pleased to announce the results of our independent 2018 year-end reserves evaluation conducted by Sproule Associates Limited with an effective date of December 31, 2018 and provide highlights from our year-end 2018 operations. 2018 RESERVES HIGHLIGHTS Increased proved developed producing , total proved and proved plus probable reserves by 29%, 56% and 64%, respectively, over December [...]

Prairie Provident Resources Inc. announces that the Toronto Stock Exchange has accepted for filing the Company's notice of intention to make a normal course issuer bid . The NCIB effectively renews the existing NCIB, which is scheduled to end on November 30, 2018. Pursuant to the renewed NCIB, Prairie Provident may purchase from time to time up to a maximum of 5,000,000 common shares, at such times and in such quantities [...]

Prairie Provident Resources Inc. today announced that it will host a webcast investor presentation on Wednesday, November 28th at 11:00 AM ET. During the webcast, Tim Granger, president and chief executive officer will provide an update for investors on key areas of Prairie Provident’s business. Investors will have an opportunity to ask relevant questions of PPR’s management team through an interactive Q&a [...]